And at a Capitol Hill news conference, Treasury Secretary Lawrence Summers warned that huge tax cuts also could have unwanted economic consequences, including higher interest rates, greater inflation and a larger public debt. The tax cuts that have been put on the table represent a reversal of course, ... Confidence is crucial. It is time for us to make the right and prudent decision.
More Quotes from Lawrence Summers:
For these three reasons -- national security, how China evolves, our commercial interests -- I believe that this agreement is very much in our national interest.Lawrence Summers
But ultimately what I was impressed by during my years in government was how much the intellectual climate and the prevailing intellectual notions constrained and represented the universe within which the discourse took place.
Lawrence Summers
As Secretary Rubin and I have both said many times, a strong dollar is very much in America's national interest,
Lawrence Summers
When I first joined the Treasury some years ago, I can assure you we were not thinking about threats to the financial system emanating from viruses, Trojan Horses, logic bombs or malicious code, ... But we are thinking about those things now, and with good reason.
Lawrence Summers
This is about concrete action and what Japan does going forward. That can make a big difference in stimulating the economy, repairing the financial system and encouraging the flow of capital throughout Asia. It will be their steps that will be decisive and not what diplomats agree on here,
Lawrence Summers
An SAT score means one thing if the student comes from an affluent school, where there are SAT prep courses, and a very different thing if the student comes from a disadvantaged background where there was no SAT classes of any kind.
Lawrence Summers
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